Procedures requiring that the recording of asset transactions be separated from the custody of those assets:

Select one:

A. Will uncover collusion among employees

B. Are important only in very large businesses

C. Are especially important in handling cash

D. Make it easy for an employee to cover up the theft of an asset

E. None of the above

In establishing an effective internal control structure, management should:

Select one:

A. Establish a good control environment

B. Provide an effective accounting system

C. Integrate control procedures into the control environment and accounting system

D. All of the above

E. None of the above